Please watch to the end where we talk about how to 4X to 7X your profit every year. VERY valuable information! Please "Like," SUBSCRIBE: bit.ly/BusinessGuySub | What's a "route?" It is multiple vending machines placed in various locations. The second most common question is where do I get a contract? It’s in the description below the video.
I did that for my home but I'm treating it like an investment. I bought the home for 130k and it was valued at 165k. In a year I'm going to refinance and pull some equity out to buy a duplex and rent both sides off. And then use the rest to invest in a side business.
@jackweber3660 gonna be hard but u can start or save up but the insurance and LLC goin to be the hard part and making negotiations wit business too as a teen they might not take u seriously
I've been thinking about getting into the vending machine business because I see good profit in that from a friend of mine. He purchased his vending machine for $2300 used. He makes between $370 too $500 a week.. and this is only a small town location so it got me really thinking of purchasing one or two myself
If you are doing this for a side business, I would do cash and Excel. Using a credit card option, it takes all your profit. You have to pay three fees. Wi Fi connection, credit cards fee, and the service you use for the machine.
@@brandonsmith1945no one is going to remember and go out of their way to bring cash for a bottle of soda. A credit card tap option is a must it’s about to be 2025 not 1996.
I want to reiterate what he is saying. If you cannot buy your vending machine with cash -- you're not ready. Leveraging debt on "small deals" is a bad way to start (imo). Please tell us who the company was on the second call. I definitely don't want to be calling them for vending machines.
Thank you for this video! I’m a 11 year old kid who has been saving for a while to buy a vending machine. I never thought about selling the locations and vending machine if i get into the business! This video is great! Thank you!
I really enjoyed this. My only disagreement is selling route after route. As of early Oct. 2022,I have 44 machines so far, 23 locations. I believe in constantly building my route up and not selling my cash flowing accounts. Increasing cashflow, thinking long term. Because there’s only so many locations. But thats only my opinion. Please leave me feedback;) ***Love seeing people interested and asking questions. Here to help where I can.
Great plan Randy. Stick with it. Most people get a few machines out there, think it’s too much work with not enough profit and fizzle. So the sell the route message is for them. If you are in it for the long term just keep it growing. Get software systems in place to manage things, hire people to help you, and the sky is the limit.
@@Bonerbreath1016 Hey Randy, I see you've done great with your vending machine business, could I ask for some advice? I want to get started around August or September and I want to get everything ready by then, you would help me a ton. If you have the time and you don't mind, please leave your Instagram and I will text you there.
I bought a coffee from a vending machine at the airport coming back from a trip. And it was good. I think they also got hot soup. I like to own a vending machine that offers hot drinks and hot foods too.
I’ve been seriously thinking about getting into the vending machine business. This video was very informative and answered a lot of questions that I had! This was great, thank you for the info!
Gym's are solid can put bottled protien drinks gatorades healthy snacks etc. Carwashes are good can put air fresheners small detail wipes etc ppl there are already in mindset of freshening there cars
If you’re in a location and the owner tells you what you SHOULD put in the machine, feel free to try it. If the owner tells you what you HAVE to put in the machine respectfully end that business relationship and find a new location.
I don't think I will be selling my route. Lol. I'm pretty happy with my 60 stops. I only have to deal with the cost of my snack machines for maintenance and repairs because I've established myself with Coke and Pepsi. If I don't have time to do the detail cleaning on the machines, the route makes enough to hire trusted family members to clean them. Most repairs such as a coin changer and bill acceptors takes 10-15 minutes to replace. It's important to get good quality equipment or deal with repairs way too often. You can get cans cheaper in a store but with no repair costs of the Coke and Pepsi machines, product is delivered directly to me every week, availability of 20oz bottle items at a good cost and I can still make more than double on 12oz cans, it is well worth being established with Coke and Pepsi.
That's awesome. Do you mind sharing your approximate monthly income from all of your stops? I am trying to decide whether this would be a lucrative investment.
Wow! Terrific video. I've been watching RUclips videos on vending businesses for the past couple of months, and have not found one as informative as this. Great information.
I really appreciate your video. I know nothing about running a business but I have confidence that if I follow these 5 steps, I will be successful! Thank you!
I've come to realize that the key to amassing wealth lies in making sound investments. I purchased my first home at the age of 21 for $87,000 and sold it for $197,000. My second home, acquired for $170,000, was later sold for $320,000, and my third property, purchased at $300,000, fetched $589,000, with buyers covering all closing costs and expenses. Not reaching a million before retirement feels like an unfulfilled goal.
Youre so easy to follow and understand. I have a very hard time listening to most people without my ADD zoning me out. Thank you so much for such incredible, useful content!
This was great! Very useful, very well organized, point by point. You also do a great job of explaining the steps, the costs and what things to prioritize. This is very useful. A great work on asking for the thumbs up early on without sounding like you’re soliciting. Five stars!
I made the mistake of trusting in a company that had a lot of fluff and sold me 3 machines at $10k a pop. Healthy Vending was of less help than you all here on RUclips. Now looking to sell them but don’t want to take a loss. Great locations we found ourselves in the end and we profited only $2000 a year.
I came here to learn how to invest after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k, somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas.
It's possible to produce superior performance provided you do something different from majority. However most of us tend to pay more attention to the shiniest position in the market to the cost proper diversification.
Having monitored my portfolio performance which has made a jaw dropping $375k from just the past two quarters alone, I have learned why experienced traders make enormous returns from the seemingly unknown market.
@@Michaelwarmbierton Interesting, I have a lump sum doing absolutely nothing at all my bank account, I wanna get something started with it, you seem to be doing excellent for yourself, how do you achieve this?
My grandpa used to have a venting machine as a side hustle while he worked at the airport. One of His most popular items was chicken broth. Because it was different :> I wanna try this out because i’m on disability and cant really do much. ^^
@@Squiggy8440 I saw a vending site selling the ramen ones, they aren't cheap. In terms of those hybrid machines, I wouldn't even know where to look lmao.
We should build our own standard or buy part to custom build otherwise it is just dynasaur just phone services is more than ten time the vending business itself
This is very useful. I have tried starting a couplw business but they all failed. Its probably cause im 14. My main problem is money. I had a bike repair business started but no money for parts. I think ima do rhe bulk vending first. There cheap and simple to use. If that works ill upgrade to vending machines
I'm to disabled to work an actual job so I was looking at getting gumball machines to put around places as a form of passive income. I don't think this video applies to me but you seem to be giving good advice.
I hope you kickstart your business soon. Being disabled is the absolute worst. Had a accident at my old job and messed up my back pretty good. Good luck
That LLC thing is that applible..in California also i asked around d here in California the business that have vending machine like a hospital they tell me the hospital doesnt get paid by the vending machine owner regarding using the hospitals electricity I'm still new your video on vending machine business is the first I saw
what if i have the cash but get the business credit card and only get the machine an make sure i have the cash to pay off the loan in my savings if my machine does not pay it off the first 12 months
Hey man! I'm 19 looking to start a vending machine business with some friends, in 01:00 you talked about selling the routes, it's quick money yeah and a lot of it, but is it sustainable? Surely there's an end to the stick where you run out of routes and are out of a business that will generate you passive income for ever
Where could I look for route vending for sales from someone if not using Facebook Market. How does the credit card work once someone buys the route and the new person gets the money from each use.?
i just don't know where to start, I have been doing some research and still can't find how to legally set up my vending machine business. Every place I go to is going to charge me at $400 to help me put up my business. (and that's not even considering the vending machine costs, or stocking costs)
I visited my brother before covid in Okinawa and he told me to get the warm cream style corn out one of the vending machines I was skeptical but it was so good.
You mentioned something of me needing to pay the landowner for electricity or using their electricity from using a vending machine. I just looked up a solution for that Coca-Cola has a solar powered vending machine
@@dreamduo3888 it's simple as the guy had mentioned right pay attention to his video that you may have to help pay a fee when setting up your vendors for if you're using to help pay their electric bill from using their electricity here's the thing like I said Coca-Cola has solar powered vending machines that could solve the solution of not having to pay an electric bill for using someone's outlet to plug your machine in because here's the thing a business owner normally doesn't like having to pay a lot of bills but they do anyways rather it'd be to their coworkers or rather to pay for the land of the building is on now think of it solar powered runs off the Sun that vending machine is going to be sitting in the sun 24 hours a day waiting for customers to come buy a drink and here's the thing from where it runs off the sun's electricity from where it's solar powered the exact unit that I'm talking about that you can look up that would solve a solution with the boss that you're doing business with because you get permission to place your soda vendor day right that boss might let you do it for free if the soda vendor itself is solar powered might let you place it there for free cuz you won't be charging them an electric bill from having the unit there now they may ask for a small cut of the profit but a solar powered one would work would probably help eliminate a lot of third-party bills making it so that you can keep most of your profits
@@dreamduo3888 because if you go to think of it a soda vendor or any vendor machine is still technically a third party company all right first off think of all the snacks that you sell from those machines half the money goes to you half the money would have either went to the land that that's the soda vendor is sitting on while the other half would have probably went to the companies whose snacks or foods that is being sold out of that machine to help pay for it so that more snacks or whatever's can be delivered and replaced in the machine think of it if you're wanting to keep some money you want to eliminate as many bills as possible and having a solar powered one just might help cuz you won't be burning up someone's electricity
Has a business owner asked you to sign any sort of contract or written agreement before putting the vending machine in the location? Is it normal to have handshake agreements if you are not paying commission to the location owner?
I would like to know if there is any business law requirements in order to sell products from, let's say, Coke or Pepsi. I am aware I need to officially apply for a business and a sellers permit, but do I also need an agreement from the companies of the products I am selling? Thanks in advance!
No you don't if you just buy from a store. However if you find that you like what you are doing, you build up to a full time route and you don't want to sell it, it might be a good idea to contact Coke or Pepsi to establish delivery services. You will gain access to things like 20oz bottles and other items you can't get at stores at a cost you can sell them in your machines. Also if you don't want to worry about overhead of repair cost of the drink machines, you might be able to use their machines and they will do the maintenance for you. There are two disadvantages to that. One, you can't mix or match Coke, Pepsi or other brands in one machine. Two, the value of your route goes down if you sell it because the drink machines aren't yours to sell with each location.
Great video but very informative! My only question is where to start when finding those locations how should I market and get that first vending machine established any responses will be appreciated!
I'm thinking about getting some machines for local bus station (open station so non-bus users also walking by), at the moment there is not a single place here that has any 24/7 access to snacks or food, but there is a sweet shop nearby, I'm wondering if people will use the machines over the shop or not during business hours, their charging £1.65 for a drink that I can get for 65p wholesale, but I'm really uncertain if the location is right or not, there are a lot of people in the area and walking by it but I'm not just not sure if people would choose it over a shop or not, any advise? I was also thinking of doing fresh sandwiches as there are a lot of bank offices in the area and not too much competition, although perishable foods may be risky.
I work in a warehouse there’s been an empty snack machine for the last year and the soda machine rarely get refilled I see truck drivers every day look at the machines and walk away I been thinking about buying the snack machine
An LLC might sound like a crazy thing for 1 or 2 machines but it will absolutely protect if one day something happens and someone decides to sue you. If the worst happens you lose the LLC. Not your house and your savings.
Appreciate the video, great details! However the location of the machine is key. Is that the hard part … negotiating or getting approval from a desired location? Im sure placing a machine in 24 hour fitness would be very lucrative , but I’m sure they have their own vendors.
And when you get a lot of money what then ? Which easy or lucrative buissnes could be next ? Where do i get those informations in Quality and quantity?
I know I'm late. But my job has no vending machines, and I thought about buying a few used ones for drinks and snacks. I got the okay from my boss and I work 5am to 3:30pm Monday through Friday. Just wandering if this is a good idea. It's a directional drilling shop with 25-30 people on the floor
Thanks so much sir , your machines are wonderful and it hasn't shown any malfunction or complain about it , am looking forward to getting my third Machine from you 😅
Someone people might not know him he is a vending machine vendor , popular in Clearwater city, Florida, if you ever need a vending machine, do well to meet him 😅
where to place our vending machines or how to reach out to business owners to convince them in allowing us place our vending machine at their location ?
![Businesses that Always Fail? 7 Businesses with Shockingly High Failure Rates [Backed by Data]](http://i.ytimg.com/vi/WTDYuRVZDbo/mqdefault.jpg)
Please watch to the end where we talk about how to 4X to 7X your profit every year. VERY valuable information! Please "Like," SUBSCRIBE: bit.ly/BusinessGuySub | What's a "route?" It is multiple vending machines placed in various locations. The second most common question is where do I get a contract? It’s in the description below the video.
Where can I rent a vending machine from?
How much do youguys charge to create the LLC? what information is needed this is my first time starting a business.
WHATS AN LLC?
Un-watchable
@@DC-uj5rq thanks for watching, friend. Have a great day.
dude is giving a step by step to make money and its not a scheme. incredible. i think im going to do this
I am!
@@DGsKattKatthow’s it going? ❤️
@@mattygenoidk how it’s going for him hope it’s going good tho
Same here. I’ve been considering this for a long time and this video is a great breakdown
@@DGsKattKattany updates?
I appreciate you telling people not to go into debt man.
I did that for my home but I'm treating it like an investment. I bought the home for 130k and it was valued at 165k. In a year I'm going to refinance and pull some equity out to buy a duplex and rent both sides off. And then use the rest to invest in a side business.
I just want one or two machines. Not looking for get rich just permanent side income. 4 or 500$ a month would make me completely happy
What kind of vending machine could you like to own mr? Combo , snacks only or drinks only 😅 hill services is at your service
as a teenager looking for some stability i feel the same. i want to dabble in this market while i am still a dependent.
@@Hill.V.Servicesyou sell machines??
You’re going to eventually start going up more and become rich
@jackweber3660 gonna be hard but u can start or save up but the insurance and LLC goin to be the hard part and making negotiations wit business too as a teen they might not take u seriously
I've been thinking about getting into the vending machine business because I see good profit in that from a friend of mine. He purchased his vending machine for $2300 used. He makes between $370 too $500 a week.. and this is only a small town location so it got me really thinking of purchasing one or two myself
what kind of business is it located in if you don’t mind me asking?
Is that after expenses? Net profit when you subtract fuel cost, insurance, and product/maintenance?
Wat type location u In
If you are doing this for a side business, I would do cash and Excel. Using a credit card option, it takes all your profit. You have to pay three fees. Wi Fi connection, credit cards fee, and the service you use for the machine.
That is a good tip
yeah but who carries cash nowadays? I never carry cash
@@PepperoniSlacksif it’s a place where individuals visit more than once like a school, doctors office, etc they will remember to bring cash next time
@@brandonsmith1945no one is going to remember and go out of their way to bring cash for a bottle of soda. A credit card tap option is a must it’s about to be 2025 not 1996.
What do you mean by cash and excel? What's excel?
I want to reiterate what he is saying. If you cannot buy your vending machine with cash -- you're not ready. Leveraging debt on "small deals" is a bad way to start (imo).
Please tell us who the company was on the second call. I definitely don't want to be calling them for vending machines.
Thank you for this video! I’m a 11 year old kid who has been saving for a while to buy a vending machine. I never thought about selling the locations and vending machine if i get into the business! This video is great! Thank you!
bro keep it up at 12 years old that’s crazy i was playing cod, 21 now
@@aaronbritton270925 now , those four years fly by if you’re not careful like myself
Heyyyy, we got a little warren Buffett over hear!
I love your disposition and ability to effectively communicate. Alhumdulilah.
I really enjoyed this. My only disagreement is selling route after route. As of early Oct. 2022,I have 44 machines so far, 23 locations. I believe in constantly building my route up and not selling my cash flowing accounts. Increasing cashflow, thinking long term. Because there’s only so many locations. But thats only my opinion. Please leave me feedback;) ***Love seeing people interested and asking questions. Here to help where I can.
Great plan Randy. Stick with it. Most people get a few machines out there, think it’s too much work with not enough profit and fizzle. So the sell the route message is for them. If you are in it for the long term just keep it growing. Get software systems in place to manage things, hire people to help you, and the sky is the limit.
How do you manage 28 machines? With the restocking, cleaning, and maintenance
@@stepsquidward4945 33 machines as of 10 minutes ago lol I am doing this full time now so I have time to make it work
@@Bonerbreath1016 Hey Randy, I see you've done great with your vending machine business, could I ask for some advice? I want to get started around August or September and I want to get everything ready by then, you would help me a ton. If you have the time and you don't mind, please leave your Instagram and I will text you there.
Looking at the big picture like bezos‼️‼️
The BEST vending machine business startup video on RUclips HANDS DOWN!
I agree
I bought a coffee from a vending machine at the airport coming back from a trip. And it was good. I think they also got hot soup. I like to own a vending machine that offers hot drinks and hot foods too.
Within 1 minute and 52 seconds, I heard enough. Subscribed.
You cleared up some much Anxiety on where to start your vending machine business. THANK YOU SO MUCH
I’ve been seriously thinking about getting into the vending machine business. This video was very informative and answered a lot of questions that I had! This was great, thank you for the info!
Gym's are solid can put bottled protien drinks gatorades healthy snacks etc. Carwashes are good can put air fresheners small detail wipes etc ppl there are already in mindset of freshening there cars
If you’re in a location and the owner tells you what you SHOULD put in the machine, feel free to try it. If the owner tells you what you HAVE to put in the machine respectfully end that business relationship and find a new location.
I read this like 10 times
@@abbwavy_don7536 my bad. Was the wording confusing?
I don't think I will be selling my route. Lol. I'm pretty happy with my 60 stops. I only have to deal with the cost of my snack machines for maintenance and repairs because I've established myself with Coke and Pepsi. If I don't have time to do the detail cleaning on the machines, the route makes enough to hire trusted family members to clean them. Most repairs such as a coin changer and bill acceptors takes 10-15 minutes to replace. It's important to get good quality equipment or deal with repairs way too often. You can get cans cheaper in a store but with no repair costs of the Coke and Pepsi machines, product is delivered directly to me every week, availability of 20oz bottle items at a good cost and I can still make more than double on 12oz cans, it is well worth being established with Coke and Pepsi.
Way to go. Keep up the good work.
He's proposing a business idea where you can make 4-7 years of profit in
That's awesome. Do you mind sharing your approximate monthly income from all of your stops? I am trying to decide whether this would be a lucrative investment.
Where do u get your contracts
Is there a service that stocks the machine?
Wow! Terrific video. I've been watching RUclips videos on vending businesses for the past couple of months, and have not found one as informative as this. Great information.
I really appreciate your video. I know nothing about running a business but I have confidence that if I follow these 5 steps, I will be successful! Thank you!
I've come to realize that the key to amassing wealth lies in making sound investments. I purchased my first home at the age of 21 for $87,000 and sold it for $197,000. My second home, acquired for $170,000, was later sold for $320,000, and my third property, purchased at $300,000, fetched $589,000, with buyers covering all closing costs and expenses. Not reaching a million before retirement feels like an unfulfilled goal.
Sc@m! seen the original comment from the actual person and it’s definitely not you. stop feeding people false info. God bless.
Im right with ya on that hun @cathyspiegel6765
U just saved money honestly, the same as buying gold scrap
Amazing ❤
Man I appreciate how you broke everything and gave step by step step great video❗️
I was told don’t even mention commission. Let them bring it up to you and if so, choose a percentage that makes both parties happy🤷🏾♂️
Agreed. Only mention it if they ask or if needed to persuade them to say "yes."
Thanks
Welcome :) Thank you.
the phone call was really cool. Liked your video!
Thank you so much for the video. I just called and started my LLC program
How is it going
^ update?
Update
seems the hardest part is finding the spots to put them.
Youre so easy to follow and understand. I have a very hard time listening to most people without my ADD zoning me out. Thank you so much for such incredible, useful content!
This was a perfect "How to Start a Vending Machine Business" video.
thx The Business Guy!
This was great! Very useful, very well organized, point by point. You also do a great job of explaining the steps, the costs and what things to prioritize. This is very useful. A great work on asking for the thumbs up early on without sounding like you’re soliciting. Five stars!
Vending routes sell for 1-2x the annual profit, not 3-4x. Where did you get the 3-4 estimate?
I made the mistake of trusting in a company that had a lot of fluff and sold me 3 machines at $10k a pop. Healthy Vending was of less help than you all here on RUclips. Now looking to sell them but don’t want to take a loss. Great locations we found ourselves in the end and we profited only $2000 a year.
Question for you, say you get a hospital to allow you to bring in your machines, who pays for the power bill or how do you negotiate that?
Finally I found a video that's actually informative
I keep rocking with you bro! You real giving out all these Methods/Tutorials. Not everyone does these kinds of things. It’s motivational bro..💪🏽❤️
Thank you so much for this information. Most of the time people try to put this stuff behind a paywall.
I came here to learn how to invest after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k, somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas.
Investing in crypto and stocks is a good idea, a good trading system would put you through many days of success.
It's possible to produce superior performance provided you do something different from majority. However most of us tend to pay more attention to the shiniest position in the market to the cost proper diversification.
Having monitored my portfolio performance which has made a jaw dropping $375k from just the past two quarters alone, I have learned why experienced traders make enormous returns from the seemingly unknown market.
@@Michaelwarmbierton Interesting, I have a lump sum doing absolutely nothing at all my bank account, I wanna get something started with it, you seem to be doing excellent for yourself, how do you achieve this?
@@johankarlsson1802 Exactly, the trick is to diversify your investment, don't panic when everyone else is and invest consistently.
HELLO
awesome love your video keep it more
My grandpa used to have a venting machine as a side hustle while he worked at the airport. One of His most popular items was chicken broth. Because it was different :>
I wanna try this out because i’m on disability and cant really do much. ^^
I wanna buy one of those ramen noodle vending machines and put it at a truck stop or something.
@@kamieaston3016 right? Or those japanese drink machines with hot and cold options. I wonder where i could get machine imports
@@Squiggy8440 I saw a vending site selling the ramen ones, they aren't cheap.
In terms of those hybrid machines, I wouldn't even know where to look lmao.
We should build our own standard or buy part to custom build otherwise it is just dynasaur just phone services is more than ten time the vending business itself
Wow this honestly gave me everything I need to pull the trigger on this business venture. Thank you!!!
How’s it going?
Let us know how you do
How'd it go?
Intrigued to find out how you are doing?
any updates?
This is very useful. I have tried starting a couplw business but they all failed. Its probably cause im 14. My main problem is money. I had a bike repair business started but no money for parts. I think ima do rhe bulk vending first. There cheap and simple to use. If that works ill upgrade to vending machines
If anyone has a hard time looking for the right location construction job sites are guaranteed money.
HELO
awesome love your video keep it more
I'm to disabled to work an actual job so I was looking at getting gumball machines to put around places as a form of passive income. I don't think this video applies to me but you seem to be giving good advice.
Best of luck to you!!
I hope you kickstart your business soon. Being disabled is the absolute worst. Had a accident at my old job and messed up my back pretty good. Good luck
That LLC thing is that applible..in California also i asked around d here in California the business that have vending machine like a hospital they tell me the hospital doesnt get paid by the vending machine owner regarding using the hospitals electricity I'm still new your video on vending machine business is the first I saw
What does it mean to "sell your route"??
I'm guessing all the machines you have in several locations or the different things your machines are selling.
what if i have the cash but get the business credit card and only get the machine an make sure i have the cash to pay off the loan in my savings if my machine does not pay it off the first 12 months
Hey man! I'm 19 looking to start a vending machine business with some friends, in 01:00 you talked about selling the routes, it's quick money yeah and a lot of it, but is it sustainable? Surely there's an end to the stick where you run out of routes and are out of a business that will generate you passive income for ever
I second that question… does your strategy depend on things like where you live, if you want to do other businesses, etc.?
Thank you, Washington Commanders coach Ron Rivera.
Where could I look for route vending for sales from someone if not using Facebook Market. How does the credit card work once someone buys the route and the new person gets the money from each use.?
i just don't know where to start, I have been doing some research and still can't find how to legally set up my vending machine business. Every place I go to is going to charge me at $400 to help me put up my business. (and that's not even considering the vending machine costs, or stocking costs)
Thank you! So very thorough! Every question I had in mind you touch on it!
At the end when he talks about selling, this is selling the vending machine WITH the location it is already in, correct?
That is correct, friend. Yes, he is talking about that ;)
great job, keep up the great work. once you know how the business works it becomes alot easier!
My only issue is everywhere that I want to place a machine, there is one that is already there. I can’t seem to find any places hat don’t have one
you dropped all gems man, legend
would like to speak over the phone like as soon as possible please, great business idea and needed of investor
What I wished we had over here in the states are the Japanese vending machines. They're ahead of us in this game.
I agree !
I visited my brother before covid in Okinawa and he told me to get the warm cream style corn out one of the vending machines I was skeptical but it was so good.
What about the contract ? Any examples or tips on writing up a contract for the business owner where placing your machines ?
Yes, please see the description below the video.
You mentioned something of me needing to pay the landowner for electricity or using their electricity from using a vending machine. I just looked up a solution for that Coca-Cola has a solar powered vending machine
Great solution.
How does that work exactly?
@@dreamduo3888 it's simple as the guy had mentioned right pay attention to his video that you may have to help pay a fee when setting up your vendors for if you're using to help pay their electric bill from using their electricity here's the thing like I said Coca-Cola has solar powered vending machines that could solve the solution of not having to pay an electric bill for using someone's outlet to plug your machine in because here's the thing a business owner normally doesn't like having to pay a lot of bills but they do anyways rather it'd be to their coworkers or rather to pay for the land of the building is on now think of it solar powered runs off the Sun that vending machine is going to be sitting in the sun 24 hours a day waiting for customers to come buy a drink and here's the thing from where it runs off the sun's electricity from where it's solar powered the exact unit that I'm talking about that you can look up that would solve a solution with the boss that you're doing business with because you get permission to place your soda vendor day right that boss might let you do it for free if the soda vendor itself is solar powered might let you place it there for free cuz you won't be charging them an electric bill from having the unit there now they may ask for a small cut of the profit but a solar powered one would work would probably help eliminate a lot of third-party bills making it so that you can keep most of your profits
@@dreamduo3888 because if you go to think of it a soda vendor or any vendor machine is still technically a third party company all right first off think of all the snacks that you sell from those machines half the money goes to you half the money would have either went to the land that that's the soda vendor is sitting on while the other half would have probably went to the companies whose snacks or foods that is being sold out of that machine to help pay for it so that more snacks or whatever's can be delivered and replaced in the machine think of it if you're wanting to keep some money you want to eliminate as many bills as possible and having a solar powered one just might help cuz you won't be burning up someone's electricity
What tyoe of beverage only machine would you recommend? That great quality, modern machine, and that is easy to fix
Love this! Thanks so much mate. Especially like you showing the phone calls too
Do you have a contract with the business owner prior to placing your vending machine there? If so, where can I get a sample one? Thanks!
Has a business owner asked you to sign any sort of contract or written agreement before putting the vending machine in the location? Is it normal to have handshake agreements if you are not paying commission to the location owner?
I wanna know that too!
do you think it would be a good idea to put a vending machine in the breakroom of some place an office or a hotel?
Once it's where people frequent you are good to go , what kind of vending machine would you want to have ?
I would like to know if there is any business law requirements in order to sell products from, let's say, Coke or Pepsi. I am aware I need to officially apply for a business and a sellers permit, but do I also need an agreement from the companies of the products I am selling? Thanks in advance!
No, to my knowledge. Just buy the Coke and Pepsi at Costco and plop it in your machine.
No you don't if you just buy from a store. However if you find that you like what you are doing, you build up to a full time route and you don't want to sell it, it might be a good idea to contact Coke or Pepsi to establish delivery services.
You will gain access to things like 20oz bottles and other items you can't get at stores at a cost you can sell them in your machines.
Also if you don't want to worry about overhead of repair cost of the drink machines, you might be able to use their machines and they will do the maintenance for you. There are two disadvantages to that. One, you can't mix or match Coke, Pepsi or other brands in one machine. Two, the value of your route goes down if you sell it because the drink machines aren't yours to sell with each location.
No lol
How common is it for the supplier to draw up contracts for the business/property owner? Alternatively who could I contact to make the contract?
I've been in B2B sales for almost 10 years. Cold calling for my own side business is 10x as exciting as calling to sell someone else's product. 😅
This is the best advice and very helpful for me. Thank you so much for those important informations.
bro got straight to the point
First time watching you and I got to say I love this guy thank you for the info
great advice, i just subscribed
Welcome, friend!
Love it and great information. Planning on starting one where we live. Time well spent.
As far as picking a location…is it as simple as going there and asking to put a machine at the location?
Yes that's the best way we've found to do it. Calling by phone as well.
Great video but very informative!
My only question is where to start when finding those locations how should I market and get that first vending machine established any responses will be appreciated!
I'm thinking about getting some machines for local bus station (open station so non-bus users also walking by), at the moment there is not a single place here that has any 24/7 access to snacks or food, but there is a sweet shop nearby, I'm wondering if people will use the machines over the shop or not during business hours, their charging £1.65 for a drink that I can get for 65p wholesale, but I'm really uncertain if the location is right or not, there are a lot of people in the area and walking by it but I'm not just not sure if people would choose it over a shop or not, any advise? I was also thinking of doing fresh sandwiches as there are a lot of bank offices in the area and not too much competition, although perishable foods may be risky.
This was one of the best videos I’ve seen..very informative with gr8 advice..
I work in a warehouse there’s been an empty snack machine for the last year and the soda machine rarely get refilled I see truck drivers every day look at the machines and walk away I been thinking about buying the snack machine
If you’re only starting out with 1 or 2 machines, just as a side hustle on the weekend, do you really need an LLC?
Likely not, friend, but we have found that taking the tax deductions might be more acceptable. Be sure to check with a CPA.
An LLC might sound like a crazy thing for 1 or 2 machines but it will absolutely protect if one day something happens and someone decides to sue you. If the worst happens you lose the LLC. Not your house and your savings.
Would a business loan be a bad idea? Would it be because the return of investment would take too long? Looking forward to your feedback thanks!
He suggested not using debt for this business, which includes business loans. 14:40
Appreciate the video, great details!
However the location of the machine is key. Is that the hard part … negotiating or getting approval from a desired location? Im sure placing a machine in 24 hour fitness would be very lucrative , but I’m sure they have their own vendors.
And when you get a lot of money what then ?
Which easy or lucrative buissnes could be next ?
Where do i get those informations in Quality and quantity?
Thank you for this information and for breaking down the steps on how to get this kind of business started! I’m motivated to start ASAP…
How’s it going?
@@user-ih8vk7cs5klol
Where do you source the product? Are there vending machine wholesalers?
Amazing and detailed guide. Thank you so much, for such a quality content.
I know I'm late. But my job has no vending machines, and I thought about buying a few used ones for drinks and snacks. I got the okay from my boss and I work 5am to 3:30pm Monday through Friday. Just wandering if this is a good idea. It's a directional drilling shop with 25-30 people on the floor
Does the vending machine company u purchase the machine from do the maintenance and stock it for u. How do u get it restocked? Thanks
Many, but not all sellers, have service contracts, yes. You're on your own for restocking unless you hire someone to do it for you.
Bravo! He said it all 😊
Thanks so much sir , your machines are wonderful and it hasn't shown any malfunction or complain about it , am looking forward to getting my third Machine from you 😅
Good is saw you again, This there any fairly used combo vending machine available i hope the price is still 2500 😂😂
🎉😊
Someone people might not know him he is a vending machine vendor , popular in Clearwater city, Florida, if you ever need a vending machine, do well to meet him 😅
The quick tip for sure not go into debt is key
That was, actually, very informative.
Thanks man I’m going to start working on it today
Best vending machine video!! Thank you
Glad it was helpful!
Where can I store my product just asking because when I need to restock I know I’m gonna need somewhere to put it. What would be a good place?
You should be teaching in schools, you're an awesome teacher ❤️💯🙏
RUclips is pretty much school..and he probably getting paid more, and he can do his own thing..
If anyone knows, I'm unclear on who pays for electricity. Does the host business owner carry that?
This is a great video!! I’ve been thinking about starting a vending business for 6 months now and have been doing a lot of research.
How’s it going?
"and I never borrowed a dime." Preach!
Do you pay yourself from the vending machine business account? How does that work?
where to place our vending machines or how to reach out to business owners to convince them in allowing us place our vending machine at their location ?